Introduction:Cryptocurrency can be considered the Peter Pan of the digital world. In spite of being more than 11 years old, cryptocurrency still attracts curiosity from a lot of people. It has transitioned from a state of people enjoying ignorance about cryptocurrency to people getting into the zone of FOMO when it comes to the same thing!Blockchain technology has manifested into a lot of different entities, but in all of this, it cannot be denied that cryptocurrency is an evergreen manifestation of this technology.What is cryptocurrency?A cryptocurrency is a digital currency that does not have any physical representation. It enables the easy and anonymous transfer of funds, and it exists outside any existing system of censorship\/control like banks and governments. If blockchain technology takes care to effect transactions and store information. The information on the basket cannot be altered without the alteration of all subsequent blocks, and even such alterations need universal consensus. This presents a highly secure option for currency exchange.New crypto coins are created when a new block is created. A new block being created is the work of providing their processing power to solve a complex mathematical equation. As a reward for providing computational power, they are rewarded with no cryptocurrency. This was the start of the crypto revolution through the introduction of bitcoin in 2009.The Advantages of CryptocurrencyAlthough there are a few limitations like restricted acceptance, volatility, and non-reversible transactions, there are a lot of advantages that make a cryptocurrency a unique and lucrative proposition for the banking\/finance world.Cryptocurrency is completely decentralized, and this decentralization can be attributed to blockchain technology. This would mean that no one can dictate the rules for developers and owners. You are always in control and possession of your crypto money, and no institution like the bank or the government can claim\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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